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. >> as the deadline approaches, our coverage of the fiscal cliff negotiations continue on television and on-line at wjla.com. >> some people in the area are still cleaning up after the high wind thursday. and, apart, a tree crashed through a house. -- in takoma park, a tree crashed through a house. in mclean, trees littered the georgetown park way. >> maryland health officials are reporting their first death related to hypothermia of the season. the health department says a 65- year-old man died in frederick county between december 18-24. pulte officials did not release any other information related to his death. >> there is a new senator and he replaces the longtime senator who died earlier this month from hawaii. he was sworn in by vice president joe biden thursday. before his appointment, he served as a whole yes' lieutenant governor. -- he served as hawaii's lieutenant governor. the head of the environment protection agency is stepping down after four years. the tenure was notable for the high-profile fights against global warming the keystone oil pipeline, and new revelations of a coal
at home as senator leaders work behind closed doors to cut an 11th hour deal to avoid the fiscal cliff, we got a glimpse of optimism on the senate floor on friday from majority leader harry reid and minority leader mitch mcconnell following their white house meeting with president obama. here it is. >> everyone knows we've been to the white house. we've had a constructive meeting. we certainly hope that something will positive will come from that. >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> arthel: so is a fiscal deal more likely now than it was before congress left for christmas break? let's have a meeting of the minds. outreach director for freedom works, author of "backlash" and fox news contributor. and michael, former senior communications advisor to john kerry's presidential campaign and ceo of
exist, craig, now with barely 100 hours until the fiscal cliff deadline. two sides made it very clear. john boehner couldn't pass with house republicans the idea of raising taxes only on those making more than a million dollars. the president has insisted throughout that $250,000 had been his limit. it's bumped up to $400,000. but even when they were within just a couple hundred billion dollars, which seems like a lot to you and me but it is not a lot in the language of washington, then they went opposite directions an enwhere the political particular sis stands at this moment. >> all right. peter and alexander, thank you good sir. joining me now karen bass of california. congresswoman, good to see you and nice to see you there from the capitol. you are still in california because house members, again, haven't been called back and given the 48-hour notice to my knowledge. have you? >> exactly. i have flights scheduled every day waiting for that notice to come. i think it is a shame. i think the house should be back in business in d.c. right now. the senate's in session. there's no rea
the president arrives in a couple of hours, cutting his hawaiian vacation short to address the fiscal cliff s there really any hope in the last attempt? does the market fade if there's no news tomorrow night? >> the nikkei continues its 21-month run. how much is the boj willing to put up with? >> looking a at potential strike in the nation's port on the east and southern coast, the first since '77 that could cost retailers and importers billions. businesses now asking its white house to get involved. >>> you can now get the nokia lumia for free, depending on the service provider contract you sign s that standard practice or a sign the company's flagship phone suspect selling well? >>> we will start off with news about the fiscal cliff. congress returning to capitol hill today to try to get a deal done on the cliff before the deadline on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on
year's midnight hour when tax hikes and budget cuts swoop ground the fiscal cliff. the two senate leaders, harry reid and mitch mcconnell are working on a stop-gap bill. >> at some point it appears there are things that stop us from moving forward. i hope we're not there, but we're getting real close. >> i want everyone to know i'm willing to get this done but i need a dance partner. >> the legislation would prevent tax increase for roughly 98% of american workers, extend unemployment benefits set to expire for some two million people, and prevent a huge cut in payments to medicare doctors. >> we should go ahead and introduce legs that would make sure middle class taxes stay where they are and should be an up or down vote. >> a deal won't necessarily pass congress by monday night. if it doesn't, virtually everybody's income taxes will go up. the average family would pay an extra $3,462 in 2014. and farm programs would expire, potentially doubling the price of milk, and if congress doesn't pass new bill? >> we'll come back with a new congress on january 4th and the first bill on th
the fiscal cliff. have you heard of this thing? not getting personal at all. the details coming up as we approach the bottom of the hour and the top of the news. >> announcer: 'tis the season of more-- more shopping, more dining out... and along with it, more identity theft. by the time this holiday season is over, an estimated 1.2 million identities may be stolen. every time you pull out your wallet, shop online or hit the road, you give thieves a chance to ruin your holiday. by the time you're done watching this, as many as 40 more identities may be stolen. you can't be on the lookout 24/7, but lifelock can. they're relentless about protecting your identity every minute of every day. when someone tries to take over your bank accounts, drain the equity in your home, or even tries to buy a car in your name, lifelock is on guard. and with lifelock's 24/7 alerts, they contact you by text, phone or email as soon as they detect suspicious activity in their network. lifelock wants you to be protected this holiday season, so they're giving you 60 days of protection risk-free. >> my years as a
. the new year and the so-called fiscal cliff. for the record, though, it's about 178 hours away if we're getting down to the wire. that's specifically. how much negotiating can be squeezed in to that little bit of time? >>> new numbers on whether exist consumers are buying less. >>> and just in time for the holiday, a christmas storm expecting to hit the midwest. when, where and how much snoi is expected. we bring the answers in minutes. >>> we start with optimism as a last words that comes to mind with the fiscal cliff and with just a week left for talks left, la lawmakers are saying a deal is looking less likely than ever. >> it's a first time i feel it's more likely that we'll go over the cliff than not. and that -- if we allow that to happen it will be the most coloss colossal, consequential act of congressional irresponsibility in a long time. maybe ever in american history because of the immaterial pact on almost every single american. >> what will happen to an average american paycheck in a deal is not reached by january 1st? joining me now, washington bureau correspondent hamp
to work, another sign of inaction on the fiscal cliff front. joining me now for our daily fix, mr. jonathan capehart, msnbc contributor and "washington post" editorial writer. jonathan, we're just six days away, no indication from house republicans that they are going to come back any time soon. the leadership has gone mum on that. we know there's not been communication between boehner and mcconnell, obama and boehner. are you amazed with this short amount of time to go there seems to be no sense of urgency on either side? >> am i amazed, given what we went through with the debt ceiling, no, i'm not amazed. i think there are forces here in this town that would like for us, sure people would like for there to be a deal, but going over the cliff on january 1st when there's this notion where it's not really a cliff, it's a slope, it's a curb depending who you talk to, that you can repair the damage if you get a deal done, you know, a few days after january 3rd. i think people feel like they can slow walk. as we saw last week when plan b failed, you know, speaker boehner said it's up
in washington today to figure out an 11th-hour deal on the fiscal cliff, but what about the house, which punted on boehner's plan b. house congressman steve latourette, by the way someone who has repudiated grover norquist's pledge joins us next. >>> and mark zuckerberg's sister confused about facebook's privacy settings. we'll have the details of that ahead. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the
in the next five hours, america will be going over the fiscal cliff. we do know that after intense negotiations between senate minority leaders, let me show you the highlights. $600 billion in revenue will be raised over the next decade through a series of raises on taxes for the wealthiest americans. and those rates would also carry over for couples making under 450,000. any income above those two numbers would be taxed at 39.6 pnt. the top tax rate under president clinton. and capital gains taxes above those amounts would be increased to 20%, that is up from 15%. this tax deal would also create a perm naanent fix for the alternative minimum tax and extend unemployment insurance for 2 million americans. the president made it clear what his top priority is in any deal. >> preventing that tax hike has been my top priority. because the last thing folks like the folks up here on the stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it. businesses can't afford it. our economy can't afford it. >> just an hour later, senate minori
talk less and legislate more. the house has already passed legislation to avoid the entire fiscal cliff. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuste
about the fiscal cliff lately. how will it actually affect you? what happens to your taxes if we go off the cliff? according to the tax policy center if you're sing well no children and make $50,000 a year you will see your taxes go up by $1,500 if no deal is reached. married couple with two kids making $100,000 would see their taxes go up a whopping $5,300 per year. taxes will go up the same amount underneath the democratic and republican plans if no deal is reached. just one day after the christmas holiday, president obama is packing his bags, heading back to washington to try to forge a deal on the fiscal cliff, with just six days left to negotiate, a deal to avoid the catastrophic cliff, the president will leave hawaii tonight to try to work on a bargain between democrats and republicans. brianna keilar is traveling with the president in hawaii and joins us now. good morning, brianna. did the president cut his vacation short or was it planned all along? >> reporter: he did cut his vacation short from what was initially planned which was to go through the new year, so yes, he cut it
in washington as we near the edge of the "fiscal cliff." >> and a terrifying ordeal for shoppers in sacramento. witnesses fear the worst when a fight breaks out in a very busy mall. >> and we'll take you to one bay area "cool school" where students with special needs are learning how to rock. ,,,,,,,,,,,,,, >>> you start thinking the worst thing that could possibly happen. >> we hid behind the jewelry counter at macy's. >> some terrified shoppers flee a sacramento mall when a massive fight breaks out. >> senate lawmakers head back to washington trying to reach a deal on the "fiscal cliff." >> and you can put away the umbrellas for at least a day. we have this high pressure firmly in place over the bay area. checking the roadways so far, no major hot spots out there. here's a live look at th golden gate. we'll have much more traffic and weather coming up. >>> i'm michelle griego. >> i'm frank mallicoat. it's almost 5:00. we have some developing news in brentwood. a mysterious gas leak has prompted the evacuation of a number of homes there. pg&e crews were called out to all brook drive around 6:
. >>> coming up, a big two hours and prospects for the fiscal cliff and why taxes could be keeping americans from spending. stay tuned. progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. president obama heading back to d.c. we're following every development as the clock keeps ticking. >>> retail numbers rolling in. >>> plus investing trends in the new year. ♪ >> we're focusing in on where to put your money as 2013 approaches. the second hour of "squawk box" starts right now. ♪ >>> good morning. welcome to "squawk box" on cnbc. i'm joe kernen, along with andrew ross sorkin. becky quick is off today. is this evans hour? "youngblood?" >> i don't know this song. ♪ >> futures are higher not as much as before. 17 points or so. being up at all with the fiscal cliff really
, thank you. we'll talk to you later. at half past the hour we'll check out the view of the fiscal cliff from hawaii. brianna keilar is traveling with the president. she's going to join us live. that's 25 minutes from now. >>> u.s. senator michael crapo s says he's deeply sorry for driving under the influence of alcohol. the republican who is also a mormon was pulled over, tested and arrested after running a red light early yesterday morning in virginia. he says he made a mistake and deal with whatever penalty he is given. >>> the u.s. navy seals are again mourning the loss of one of their own. a military official tells cnn that commander job price died of a self-inflicted gunshot wound. price was a commander officer of seal team 4, that's the unit with more than two dozen members that operates in central afghanistan. the official says there's no indication at this point that price was under any investigation or involved in any controversies. >>> former republican senator chuck hagel has not been nominated as defense secretary, but members of his own party already signaling an uphill con
the fiscal cliff and he left his vacation. we will look at the new offer and the concessions he is proposing. >>> let's go back outside with alex savage. >> reporter: they have finally been able to locate the problem right under where those crews are working and they have had to dig up quite a bit of sidewalk to figure out where the leak was coming from but crews say they are running a bypass around the broken line. off to the left, the people were evacuated as a precaution. everything began when neighbors reported the smell of gas in this area. people here were ordered to shelter in place in their homes for a time and early on, he was certainly going to face explosion. >> if something goes off or ignites, i am only a couple of doors down from where the leak is so it is frightening. >> the source of the leak has been found. the repair work, it will be difficult for she people to go back home and with the exception of the three homes evacuated, gas does remain on for the entire area of brentwood. brentwood sal legs savage ktvu channel 2 morning news. >>> that's right and we have 'end you are
on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back in 1987. during her tenure as administrator she tackled pollution problems in poor community communities. oil drilling and coal regulations. all those things on her plate. jackson said she is confident epa is headed in the right direction. >>> winter storm causing some real headaches. millions of folks in the mid-atlantic states, we're looking at heavy snow, torrential rain, strong winds, dangerous travel conditions from here, washington, d.c., all the way to maine. snowfall is especially heavy in northern new york, new england. up to a foot of snow could fall there. drew cuomo is urging folks to stay off the roa
. the movie is just great. >>> coming up, days away from going over the so-called "fiscal cliff." what the president is doing to try to reach an 11th hour deal. >>> it's the day after christmas which means a milestone for retailers and gift returners. we'll tell you how early some stores in the bay area open when we return on cbs 5. ,,,, dozens of tornadoes spottedn the south.. today, residents are getting their >> your realtime captioner: linda marie macdonald. >>> we came out and we saw this, what did you think? >> thank god i'm alive. >> dozens of tornadoes spotted in the south. today residents getting a first look at the damage. >> and we're going to have on- and-off rain showers throughout the morning into the afternoon. when will the wet weather end? we'll let you know coming up. in the meantime, it's also causing some slick conditions even flooding out in sonoma county. traffic and weather together every 10 minutes. >>> good morning, everyone. it's wednesday, december 26. i'm michelle griego. >> i'm brian hackney. frank is off today. thanks for coming to cbs 5. >>> much of the
at the top of the hour on "morning joe," treasury secretary tim geithner throws a monkey wrench in the fiscal cliff talks, announcing that the u.s. will reach its budget cliff by monday. we'll discuss that on "morning joe." and when we come back, we'll hudding around the water cooler, where it gets awkward in an interview between the obamas and barbara walters. that's next when "way too early" comes right back. ♪ >>> okay, enough with the real news, let's gather around the water cooler to watch barbara walters try to pull back the curtain on life at the white house. the 83-year-old journalist sat down to interview president obama and the first lady, assuming we've all heard plenty about the fiscal cliff, walters wasted little time pivoting to more intimate territory. >> when you look at this picture, what do you think? at what point was it taken? >> i think we were campaigning in iowa. >> so, why were you hugging so hard in iowa? >> because i love my wife. >> well, and also, i hadn't seen him in a while. i mean, you know, when you're campaigning, we're two ships passing in the night, and th
" this morning, with an 11th hour deal to prevent the u.s. going off the fiscal cliff, is that actually going to happen? we have both sides of the aisle and both sides of congress with us. republican representative steve la tourette and democratic senator richard blumenthal. "sex and the city" d.c. style. we'll talk to the authors of the juicy new novel dishing about life working for a demanding senator on capitol hill and he's a mean one. the grinch from the musical joins us live and it turns out he may not be that mean after all. that and much more in 14 minutes or so. the grinch is going to be here. >> in costume, i hope. >> of course. it's going to be the real grinch. it's not an actor, it's the grinch for those kids watching this morning. >> of course it is. thank you, ali. >> good to see you both. >> we'll be watching. 47 minutes after the hour. let's get you up to state with the top stories. six states from pennsylvania to maine facing a winter storm, a big one. 12 to 24 inches of snow could fall in parts of new england. holiday travel just a nightmare on the roads and in the air. more
are trying to get a deal done before the end of the year to avoid a fiscal cliff. congress is not expected to return to work until thursday. the same goes for president obama who will spend christmas in hawaii. that leaves them just five days to get a deal done to avoid steep tax hikes and spending cuts. senators on both sides of the aisle say both parties need to compromise to avoid a potential econom disaster. >> my one bit of advice to speaker boehner is this. you can't pass a bill with just republicans. on a broad thing like this, you need both. >> ronald reagan model is if you get 80% of what you want, that's a good day. we have the same objective of lower taxes. i like simpson-bowles. put money on the debt. tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead at the scene. police are
cliff. it is a brand new hour of "america's newsroom," hello, everyone, i'm patti ann brown. gregg: and i'm gregg jarrett. lawmakers are -- republican lawmakers are returning to washington, d.c., and they are trying to negotiate something, anything with the house. both sides saying that a few days to cool off over the holiday might be helpful, but there are no signs they're closer to a deal. patti ann: chief white house correspondent ed henry joining us now live in honolulu, hawaii. so, ed, what is the latest? any progress to tell us about? >> reporter: or well, patti ann, really no progress. as gregg was saying, a lot of people thought, well, a cooling-off period, the holidays, maybe this'll get everybody to work together, the president even joking last week about figuring out a way to move all of this forward, but we've been told by white house officials there have been no real phone calls between the president and speaker boehner over the last few days, very little staff contact. so the bottom line is the president is leaving hawaii here tonight, as you suggested, just to try an
the flames don't go out. ye're now one week away from the so-called fiscal cliff. heven days for the white house and congressional leaders to reach a budget deal to avoid tax increases for nearly every american. president obama is on vacation in hawaii, and that's where we find nancy cordes tonight. nancy, what can you tell us? >> well, jim, still no conversations today between owmocrats and republicans on how to avert the fiscal cliff, which is a sure sign that the senate majority leader, harry reid, a democrat, is working on crafting legislation on his own that he would essentially dare house and senate republicans to oppose. his legislation would likely extend the bush-era tax cuts for households making less than 250,000 a year. it might also include enough short-term spending cuts to temporarily offset for, say, six or eight months, the indiscriminate across-the-board spending cuts that are set to go into effect on january 1. yis bill would also try to tie up some year-end loose ends by extending long-term unemployment benefits, patching the alternative minimum tax that duds up hitting
parents expressing appreciation for the useful information. >> new information on the fiscal cliff talks in washington. united states senate convened about an hour ago. this is a live picture of oregon democratic senator ron wyden on the floor discussing the deadline. we have learned that the president called the democratic majority lead, minority leader and house speaker and senate minority leader. now coming up at 8:15 the fiscal cliff negotiations and the effort to prevent one of the largest tax increases and budget cuts in united states history. >> we are still watching the accident in napa. >> we have a lot of traffic around fifth street near downtown. the westbound lane blocked due to a two car crash. a woman was trapped inside of her car. we will take a look at the bay bridge. you can see traffic flowing nicely. 880 near the oakland coliseum we have traffic gluing well in both directions. no delays to report. in the south bay 280 at 880 split those headlines northbound traffic toward santa claire a. >> hi. we are -- taking a live look outside. showing you cloud coast mostly clo
to goose the process. time is running out. economists say we could go into another recession if the fiscal cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning 10:00 a.m. eastern time. the president on this red eye will be flying basically overnight tonight into tomorrow, get there early in the day and maybe convene congressional leaders at some point. interesting that starbucks, the coffee company, is running a row motion in d.c. stores where the they're writing come together on the coffee cup. right now, they're a bit far apart. >> i heard you talk about that 78-degree cold front that swept through the islands. before he headed out, how did the president celebrate christmas? >> yeah, it's been rough. you're right. 78 degrees is probably better than where you are right now, but the bottom line is that hawaii is always beautiful this time and the president started a tradition whe
cliff talks heading into the 11th hour. >> u.s. economy is at stake here. >> you cannot pass a bill with just republicans. on a broad thing like this, you need both. >> but will anyone rise above and get it done? a debate from both sides of the aisle. plus guest host jason trennert on the impact for the markets. >> the final details on retail. the winners and losers as last-minute shoppers make one final rush to get the latest deals. >> i got it. i got it. >> the second hour of "squawk box" starts right now. ♪ chestnuts roasting on an open fire. jack frast nipping at your nose. yuletide carols -- >> good morning. welcome to "squawk box" on cnbc. >> love that sweater. that's unbelievable. we've got to fade in and out between the fire and that sweater. >> that's joe kernen, i'm andrew ross sorkin. becky quick is probably happily off at this point. in studios with his,000s on the market and the fiscal cliff this morning, jason trennert. >> that tie. >> he's got the red tie. >> santa tie. >> take a look at the futures, see how this half day of trading is setting up. looks like the dow
the fiscal cliff. we look at what happens if the deal does not happen. spoiler alert, it will cause you money. grapevine, david gregory could be in trouble for a segment on his sunday show. we show you what happened. "special report" starts at 6:00 p.m. eastern standard time. now back to new york and "the five." ♪ ♪ ♪ >> kimberly: is it a horrible offense to be too good look? apparently so in iowa. they ruled a dentist james night had a right to fire his dental assistant melissa nelson for being too irresistible. and a perceived threat to his marriage. nelson worked in the office for ten years said she viewed knight as father figure and was fired after his wife complained about his infatuation with her. >> after working for so many years side-by-side, i didn't have any idea that that would have crossed his mind. i think it sends a message that men can do whatever they want in the workforce. >> kimberly: not nice. but apparently the iowa supreme court disagrees with me. eric you are laughing. >> eric: i'm laughing can you manual if she was fired for being too not good looking. there woul
leaders holding a conference call earlier today on the fiscal cliff, but so far they have not yet called on lawmakers to return to capitol hill. but they have said they will give a 48 hour warning if they plan to do that the white house saying the president is cutting his holiday vacation in hawaii short to return to d.c. to work on a deal to try to stop those automatic tax hikes and deep spending cuts from kicking in on january 1st. and if they don't reach a deal before then, many economists say we will dip back into a recession. i had henly house republican leaders didn't have a lot of new information for their lawmakers. they would have 48 hour notice if they are needed to pray back to washington from various districts around the country. that tells us they are being noncommittal at this point because they frankly do not know whether or not there will be a deal to avert the fiscal cliff. now, after that conference call. the house speaker john boehner, his number two eric cantor the majority leader put out a statement putting the onus on president obama and for the reason why there has
, thank you. >>> here in washington, hope is fading for a deal before the country reaches the fiscal cliff just eight days from now and we are counting really by the hour at this point until we go over the edge. congress and the president are not here. they have stopped trying for now. home from the holidays and not that optimistic about a christmas miracle. listen to retiring senator joe liberman on "state of the union." >> i feel it's more likely we will go over the cliff than not, and that -- if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever, in american history. >> are white house correspondent prix anna kebrianna keilar is traveling with the president and joins us from hawaii. >> they can still talk, right? true. but the people who matter are not. perhaps the lines of xhoukz are open between the white house and senate democrats. but the white house at this point is not in discussion with not only speaker john boehner but the senate minority leader, mitch mcconnell and perhaps because of that, you hav
we will get an 11th hour agreement that avoids the fiscal cliff, but it will be a fairly minimal agreement. nothing like a big comprehensive deal. especially the republicans are having difficulty making the compromises you need to move forward in what is a very closely divided society. what is the alternative? you have a republican house but a democratic president who will be there for four years and a reasonable prospect if hillary clinton runs in 2016, a democrat will hold the white house then. what are we waiting for. in 1997 even, when a democratic president was reelected along with a republican congress, they said none of us are going away, we have to make a deal. that's not really happening yet. >> so tglass is half full for you? >> i think it can still happen, but i felt for a long time there are only two choices. either we go over the cliff and clean it up after, or john boehner has to be a babandon th that they will only bring a bill to the floor if it's supported. i don't think there is a bill that a majority of house republicans will vote for that president obama could
away from the "fiscal cliff." he took the red eye from hawaii overnight. senators are set to work today on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing "col together" on coffee cups in d.c. to try to encourage compromise. >>> hawaii's lieutenant governor brian shots will replace the late democratic senator daniel inouye who died of respiratory complications last week. on the day he died he wrote to the governor asking for a female representative to replace him. she made it to the final round of consideration but did not win the nomination. >>> and former president george h.w. bush is in intensive care at a houston hospital with a fever and cough. mr. bush was admitted to the hospital more than a month
, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior congressional correspondent. we spoke last hour. you told us that hour speaker john boehner was to convene this conference call to decide whether or not to call the house back into session. we know the senate is supposed to convene, but nothing can, of course, take place until the house is in session as well. do we know the results of that conference call? will boehner reconvene the house? >> reporter: i'm told by a source familiar with the call, which just happened within last hour, as you said, that no decision was made on the schedule or timing for the house. as we talked about an hour ago, the leaders in the house have promised the members that they won't be called back without 48 hours notice. so at this point it is wednesday afternoon, they won't even be back, the earliest, until a saturday, if they haven't made a decision today. but, of course, it is true, basic civics tells us all this, that nothi
. he said it appears the country is headed over the so-called fiscal cliff because of lack of progress in bipartisan talks. he stressed for republicans to come up with a plan that both houses could pass and the president could sign. >> new year's eve is fast approaching and for decades and decades the american people have watched the ball drops in times square. the countdown to midnight, the start of the new year. the american people are waiting for the ball to drop. americans and taxes are approaching the walt wrong direction. on the first of this year americans will have less income than they have today. if we go over the cliff, and it looks like that's where we're headed the house of representatives as we speak have four days left after today for this year. the speaker has to give them 48 hours notice. i can't imagine their consciences. wherever they are around the country. we are here trying to get something done. >> so what happens in five days when the tax cuts expires? most americans will see 4 percent more taken out of their paychecks with the cuts expiry on the ears. we're com
would avert the entire fiscal cliff if enacted. those bills await action by the senate if the senate will not approve and send them to the president to be signed into law in their current form. they must be amended and returned to the house. the house will take this action on whatever the senate can pass, but the senate must first act. the house has passed bills that would never pass the senate. speaker boehner's position is a joke. senate majority leader harry reid responded, house republicans pushed middle class families closer to the blip by wasting an entire week with their incompetent plan b stunt no further legislation can move through the senate until republicans drop their knee jerk obstruction. the house is literally phoning it in, tomorrow's conference call will reportedly include the entire caucus, not just republican leadership, the irony is that if we go over the cliff, the president will get whatever he wants on texas, and there's been a growing acknowledgement of this by some house and senate republicans. here's senator johnny isaacsohn of georgia. >> if we get down to
bass. is she hopeful that a fiscal cliff deal will be struck before the new year? (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home.
the so-called fiscal cliff. but is the meeting just for show or could we really truly be close to a deal? doug is live in washington with more details, what are we in for? >> to be a fly on the wall in this meeting. these are the players that will be there today. the president with congressional leaders from both parties to see if they can get something done. it may be substantive, it may be window dressing. >> any time you announce a meeting publicly in washington, it's usually for political theater purposes. nothing good ever comes from it. there is one thing you have to do in politics. if the president meets with a foreign leader, you want to make sure you know what's going to happen at the meeting. when the president calls congressional leaders to the white house, it's all political theater or they've got a deal. my bet is all political theater. >> kelly: well, we will see. >> congress thee receipticcally could get something done. we saw the congress work yesterday. the house is going to be back here getting some work done apparently on sunday, again, very close to the deadline. the
. savannah. >> thank you. from the winter storm to the political storm over the fiscal cliff, president obama is returning to washington this morning to try and work out a deal. with just five days left now, is there enough time? nbc's white house correspondent, peter alexander, good morning to you. >> reporter: good morning to you and most importantly happy birthday to you. the president hopes to bring back sunshine from hawaii, 38 degrees here and 72 in hallelujhonolulu. today, aides on both sides say no new negotiations are scheduled and no evidence of any post christmas compromise. >> reporter: cutting his christmas vacation short, president obama left hawaii overnight for washington trying to orchestrate a deal to avoid the fiscal cliff deadline just in the nick of time. if not, the consequences will be severe. more than a half trillion dollars in automatic tax hikes and spending cuts, not that lawmakers are necessarily feeling the urgency. congress is at least officially in session today but house members, most still at home haven't even been called back to the capitol. aides on both si
will the fiscal cliff drama play out? we'll take a fair and balanced cliff look at all the different scenarios that could happen. that is coming up later in the hour. join us. kelly: former president george h.w. bush in the hospital this christmas as he recovers from a severe cough and fever. doctors admitted him last month out of abundance of caution because of his age. the former president is 88 years old now and he has had some health issues over the years. mr. bush suffering from parkinson's disease. that's why you often see him using a motorized wheelchair or scooter. he also takes medication for an irregular heartbeat and suffers from a mild form of grave's disease, which is a thyroid condition the former president had surgeries to replace both hips. his most recent operation was in 2007. jamie: we send our best wishes to the entire family. kelly: we do. jamie: a new tribute to the victims of the sandy hook school shooting. we can't do enough to let them know we care. a community far from connecticut got together to honor those killed. that story is on its way ♪ kelly: britain's royal
whammy, sandy, newtown shootings, fiscal cliff, all these things can combine to depress shoppers' appetite to spend at this point. >> we'll talk a lot more over the next couple of hours where the discounts really came. there's a lot of talk about walmart and gap, and macy's and target. and then what that's going to meet as they try to clear out all this inventory, really starting today, going into the first part of the new year. those things have to get off the shelves. and that's going to affect margins one way or the other. >> let's bring in jackie deangelo, crunching the numbers back at headquarters. >> i'm going to recap what you said a little bit earlier. according to mastercard's spending poll, the few weeks leading up to christmas rose only .7%. a pretty big miss there. to give you perspective, after a drop of 5.5% in 2008, holiday sales have seen a steady rebound since then, including a 2% increase last year. this less than 1% figure, bound to be disappointing. online shopping also showed some muted results. spending polls show web sales were up 8.4% from last year, but t
off the fiscal cliff. lack of unity and vision there --. gregg: talking about this in the last hour, mark. but i want to put it to you. the president campaigned. he said i want to raise rates on everybody who make over 250. and you do the math and it's been done by all kinds of economists and cbo. >> many people voted for that. gregg: comes to $800 billion mark. so suddenly the president's reelected and immediately doubles it, now i want 1.6 trillion. >> psych, sorry. we'll change rules because i won. crossing my fingers behind my back. changed the rules. gregg: go ahead, mark. how do you figure that the president, you know, said i want 800 billion. now all of sudden i want twice that much. >> the president said that refering to income taxes the now that we're facing sort of debt problem that we're facing, the president is getting serious about other types of revenue, including loopholes. loopholes many wealthy americans benefit from and middle class americans don't have advantage of benefiting from. a lot of the reason why americans who are making over a million dollars are paying
this morning, a rather dire prediction about the fiscal cliff and what might happen when lawmakers return later this week. it's a pocketbook issue for all of us. >> some people are expecting to maybe go right over that cliff. >>> and later this half hour, the christmas edition of our insomniac play list. putting a new spin on some of the old christmas classics. >>> topping our news right now, the nra is not backing down from its call to place armed officers in the nation schools. >> congressman chris murphy calls it revolting. >> reporter: from the brooklyn bridge in new york to the sidewalks of falls church, virginia, anti-gun protests are springing up around the country. the debate on gun control has also triggered a run on gun shows and gun stores. sales are soaring as people rush to buy assault weapons before a possible ban. >> we're completely out of the so-called assault weapons. so they're buying up everything. >> reporter: an abc news washington post poll show as majority of americans continue to favor more restrictions on gun ownership. even sales of gun safes are shooting up. >> peopl
for business, investors worried about the impending fiscal cliff have other issues to consider. the weekly jobless rate is in and it's at its lowest level in four and a half years. economic reports on housing markets, consumer confidence and manufacturing also due out this morning. >>> some advice for air travelers, check your flight status before you leave home today. winter storm now pounding the northeast has forced the cancellation of more than 360 flights today, that's in addition to the more than 1,700 cancellations yesterday. >>> unbelievable video out of shanghai, china, where a 33-ton aquarium full of sharks exploded, sending sharks flying everywhere and terrified shoppers running for their lives. 16 people suffered cuts and bruises. no one was seriously hurt. three lemon sharks were killed in the incident, though. >>> just five days left until the united states crosses over the so-called fiscal cliff, and just in case washington doesn't make a deal, we're going to get you ready. every day this week we're looking at how it will affect you and your pocketbook. today we're focusing
in washington in a few hours. the question is, could it be too late to avoid the fiscal cliff? we'll look into that, a look at the new taxes you could be paying next week. >> clayton: after getting caught an explosion in iraq he was told he would never walk again. now this marine is climbing and will join us live with his incredible story. "fox & friends" hour three begins right now. er. >> clayton: welcome t. hello, hello. >> juliet: this is really a -- i guess this the best set we've ever had nor me. >> clayton: so beautiful. >> kelly: we hope steve, brian and gretchen are enjoying time off. >> clayton: and kelly wright, juliet and clayton in this morning. noise holiday and i'm looking forward to split up 'cause i get the birthday. subtle way to drop a hint. >> juliet: you're working new year's day? >> clayton: yeah, i'll be here. happy new year. >> kelly: and merry christmas if we got to you too late. we're getting a look at president obama who did enjoy a good christmas with his family in hawaii. he's boarding air force one and leaving hawaii. the president is in the air right now. he
to the fiscal cliff. we'll be talking a lot about that today, including the health of former president george h.w. bush. >> candy crowley, we'll see you at the top of the hour. appreciate it. it's the end of one of the most popular comic books of all time. the amazing spider man has hit the shelves but some p controversial events have caused the comic to be in a frenzy. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> this is some of the most incredible video that we've seen in a long time. all right? if you're not looking at the video, this is new surveillance video out of china. it's the moment that an enormous shark tank just ex
. >> reporter: meanwhile some senators are suggesting the only option now to avoid a fiscal cliff is a scaled-back deal to stop tax increases for most americans. we just hear heard heard ed elude to that. we are joined my jaime. what happens if the president and congress fail to reach an agreement on averting this so-called fiscal cliff? >> well, we go over it. you know, maybe the analogy of fiscal cliff that everyone is using might not be perfect because that doesn't end everything. there will be negotiations afterwards. in fact republicans who think that we are going overlook to the debt ceiling hike that will have to happen some time in the beginning of next year, perhaps at the end of january, or early february, at the point where negotiations will really pick up again, because they'll have some leverage there. there are reports out that some agencies, the defense department, that are facing these cuts as a result of the fiscal cliff are planning already ahead knowing that there will be negotiations afterwards if no deal is reached, and believing that some type of remedy will occur. they
of snow wind gusts up to 40 miles per hour and a huge travel headache for the next two days, at least. >> especially at this time of year. thank you so much. we turn now to political turbulence, and the fiscal cliff gets closer. congress now has six days to make a deal. they'll be back on capitol hill tomorrow, and chip reid is in washington. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid i
to deal with the fiscal cliff issue. we need leadership. we need the president's leadership. we need leadership by republicans and democrats. we need the house and senate. and while i say i'm willing to -- to -- that i want an agreement, i would also say that i'm willing to appreciate the fact that i will not get everything that i might want in an agreement. but the consequences of our failure seem to me to be so significant that we ought to find common ground. i understand we might reach an agreement that deals with a portion of the so-called fiscal cliff and i want to point out that we're only really talking these days about the tax consequences of the fiscal cli cliff. i don't know exactly how fiscal cliff came into existence, that phrase. i don't know where those words came from. i don't know exactly what they mean. i think they probably mean different things to different people. but it seems to me that the fiscal cliff that we face is based upon sequestration, this plan that was put in place by the budget control act that would reduce spending by $1.2 trillion, both defense and
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